Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.006%

Price spread now: Backpack against Paradex+0.015%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex WLFI-USD-PERP	0.05755	0.0089	pay 0.0089% / 8h	7h 14m	$2K	$118	5x
Short	Backpack WLFI_USDC_PERP	0.05756	0.0100	get 0.0013% / 1h	14m 25s	$239K	$27K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee BackpackbpOrdersPrice spread, now +0.015%Rate

Funding earned: $2.24
Price spread: +0.015% → 0.000%: $1.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$10.24
Costs to cover: 0.140%
Break-even: 39.0 days

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 59 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell Backpack live order book, 59 min ago	0.87 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WLFI on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WLFIUSD	−0.0109%	1h	0.05759	+0.075%	$73K	$49K	20x	as long as short
Lighter WLFI	0.0000%	1h	0.05753	−0.037%	$992K	$399K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	+0.059%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.044%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05759	+0.067%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05763	+0.132%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.680%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0078%	4h	0.05758	+0.051%	$1.6M	$587K	20x	as long as short
Paradex WLFI-USD-PERPlong	+0.0089%	8h	0.05755	long leg	$2K	$118	5x
Nado WLFI-PERP	+0.0100%	1h	0.05758	+0.059%	$80K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05760	+0.085%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05756	+0.013%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05764	+0.155%	$138.1M	$39.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05761	+0.102%	$21.0M	$17.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05763	+0.137%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05763	+0.133%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05762	+0.119%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05763	+0.137%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05763	+0.137%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05760	+0.085%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05760	+0.085%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERPshort	+0.0100%	1h	0.05756	+0.015%	$239K	$27K	10x
Variational Omni WLFI	+0.0100%	4h	0.05752	−0.061%	$442K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	−0.089%	$277K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	−0.089%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.085%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05759	+0.067%	$115	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05755	+0.002%	$133K	$506K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05763	+0.137%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.315%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05764	+0.149%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05767	+0.206%	$4.7M	$79K	75x	as long as short